The EUR/JPY confirmed a further session of consolidation confirming the previous day’s closing. It shows good support at 103,60 but also very good resistance above the 104,20 area that is limiting the upside. The indicators of the daily chart are still below the line while those of the s/t ones are showing a mixed picture suggesting for sure more consolidation. Only an hourly closing above 104,30 will postpone further weakness favouring a little higher levels suggesting a 104,50 overshooting!! While below the risk is to see a break below the support line at 103,70!!
We keep staying long for now with the stop at 103,55!
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